Indian shares are likely to open on a muted note Wednesday, mirroring weak global cues as a sell-off in technology stocks intensifies fears that the artificial intelligence spending boom may not deliver expected returns. Benchmark indexes Sensex and Nifty fell more than 1 percent each on Tuesday, while the rupee weakened by six paise to close at 94.73 against the dollar. Foreign institutional investors bought shares worth Rs 18 crore on Tuesday, while domestic financial institutions net bought shares to the extent of Rs 680 crore. Asian markets were mixed in lackluster trade this morning after risk-off sentiment swept Wall Street overnight, with the tech-heavy Nasdaq Composite plunging 2.2 percent and the S&P 500 giving up 1.4 percent. Oil extended losses to trade near four-month lows, with Brent crude futures falling below $77 a barrel, and gold traded below $4,100 an ounce.